Episodes
Jan. 11, 2023
What's the negative catalyst? (EP.291)
On today’s show we discuss Michael becoming famous for a Bezos prediction, the case for no recession in 2023, the bullish case for stocks, the bearish case for stocks, false signals from an inverted yield curve, why this is not 1970s-like inflation,...
Jan. 9, 2023
Talk Your Book: What Makes an Index Fund Work
On today's show, we are joined by Rodney Comegys, Head of Vanguards Equity Investment Group to discuss how indexing works, what makes Vanguard so special, active investing vs passive investing, and much more! Find complete shownotes on our blogs......
Jan. 4, 2023
10 Predictions For 2023 (EP.290)
On today's show we discuss the terrible no good year that was 2022 for financial markets, some thoughts on what might happen in 2023, the 4 factors that should impact markets and the economy next year, why investors are still pouring money into...
![[CORRECTION] The Tesla Crash (EP.289)](https://megaphone.imgix.net/podcasts/55ce8c16-0c60-11ee-9a9e-8320b1c89661/image/AnimalSpirts-Cover.jpg?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress "[CORRECTION] The Tesla Crash (EP.289)")
Dec. 28, 2022
[CORRECTION] The Tesla Crash (EP.289)
On this week's show we discuss the kid premium around the holidays, the most surprising things that happened in 2022, some thoughts on stocks vs. the economy for 2023, why consensus is wrong most of the time, the car industry is all messed up, why...
Dec. 26, 2022
Talk Your Book: The Rise of Thematic Investing
On today's show, we are joined by Pavel Vaynshtok, Managing Director, Global Head of Strategy Indices at S&P Dow Jones Indices to discuss the history of indices, why thematics have gotten so popular, how S&P Dow Jones Indices constructs their...
Dec. 21, 2022
Buy the Dip is Dead (EP.288)
On today's show we talk about why the stock market is getting crushed this month, what one year's returns mean for the next year, why retail investors are still buying tech stocks, 3 scenarios for next year's market, the Fed's 2% inflation target, why...
Dec. 19, 2022
Talk Your Book: The Opposite of ESG
On today's show, we are joined by Mark Neuman, Founder and CIO of Constrained Capital to discuss companies orphaned by ESG, how capital is actually getting constrained, politics in investing, Coke & Pepsi vs alcohol & tobacco, and much more!...
Dec. 14, 2022
Peak Inflation (EP.287)
On today's show we discuss inflation rolling over, the possibility of a soft landing, Santa Claus rallies, SPF getting arrested, what a housing market comeback would look like, picking stocks vs. picking stock-pickers, The White Lotus season 2 and...
Dec. 12, 2022
Talk Your Book: Insourced CIO
On today's show, we are joined by Joe Mallen, CIO of Helios to discuss what he's hearing from advisors in this environment, insourced vs outsourced CIOs, bond and equity attractiveness going forward, and much more! Find complete shownotes on...
Dec. 7, 2022
A Bear Market in Housing (EP.286)
On today's show we discuss continued strength in the labor market, sticky high inflation, why the market isn't listening to the Fed anymore, the case for a 20% decline in housing prices, why Netflix rules streaming, sending back a drink at the bar and...
Dec. 5, 2022
Talk Your Book: An Update on Private Markets
On today's show, we are joined by Bob Long, CEO of StepStone Private Wealth to discuss timing private markets, how valuations have held up in private markets, an update on venture capital, and much more! Find complete shownotes on our...
Nov. 30, 2022
Getting Rich Quick (EP.285)
On today's show we discuss the round trip in oil prices, why predicting the future is so difficult, how we define a bubble, why interest rates didn't go higher, active outflows are speeding up, Black Friday deals we found, crypto prices got out of...
Nov. 28, 2022
Talk Your Book: The Buy-Write Strategy
On today's show, we are joined by Ray Di Bernardo, VP and Portfolio Manager of Madison Investments to discuss writing call options, buying growth at a reasonable price, earnings in 2023, and much more! Find complete shownotes on our...
Nov. 23, 2022
A Confusing Year (EP.284)
On today's show we discuss the impact of interest rates on business formation, the opposite of stagflation, why there was no spillover from the crypto crash, why the S&P 500 is not the economy, why remote work might bring down rental inflation and...
Nov. 16, 2022
The Crypto Blow-Up (EP.283)
On today's show we discuss inflation is finally falling, will the stock market wait for the Fed's all-clear, the FTX saga, how SBF fooled everyone, what comes next for crypto, why streaming stocks are struggling, 5 years of Animal Spirits and much...
Nov. 14, 2022
Talk Your Book: Checking in on Buffered ETFs
On today's show, we have Bruce Bond, CEO of Innovator ETFs give us an update on the buffered ETFs, how buffers and caps behave during high-volatility environments, how advisors are using these products, and much more! Find complete shownotes on...
Nov. 9, 2022
No Soft Landing (EP.282)
On today's episode we discuss the Fed sending us into a recession, our only chance for a soft landing, why predicting inflation is so difficult, why there is no such thing as a normal market, the biggest risk in crypto, why Chevy Chase was a one of...
Nov. 2, 2022
A Housing Recession (EP.281)
On today's show we discuss why most people don't care about the bear market, the relationship between wages and inflation, why we won't see a repeat of the 1970s, why Apple is the best company in the world, the revenge of the Dow, tech stock...
Oct. 31, 2022
Talk Your Book: Doubling Down on Crypto
Ben and Michael are joined by Jack Neureuter, Fidelity Digital Assets Research Analyst, and Ramine Bigdeliazari, Director of Product for Fidelity Digital Assets to discuss Fidelity's relationship and interest in crypto, proof of work vs proof of...
Oct. 26, 2022
Bear Market Math (EP.280)
On today's show we discuss the slowing housing market, taking Animal Spirits on the road, why consumers keep spending money, how the stock market moves during a bear market, some optimism for a 60/40 portfolio, why the 4% rule is still alive and well,...
Oct. 19, 2022
Why Isn't Inflation Falling? (EP.279)
On today's show we discuss the trouble with nailing the bottom in a bear market, why money continues flowing into ARK, why the VIX isn't higher, sticky inflation, why the bottom 50% has seen their net worth double since the start of the pandemic,...
Oct. 12, 2022
A Tough Break (EP.278)
On today's show we discuss a late-night trip to the ER for a broken leg, good news is bad news in the labor market, the last time the Fed sent us into a recession, earnings vs. stock market performance, the inflation burp, what happens to housing...
Oct. 10, 2022
Talk Your Book: Investing in Private Credit
On today's show, we speak with Michael Reisner, Co-CEO of CION Investments about investing in private credit in this environment, how CION can be publicly traded, how a recession may affect floating rate credit investments, and much more. Find...
Oct. 5, 2022
Long-Term Bullish (EP.277)
On this week's show we discuss why we're getting more excited about stock prices as they fall, why expected returns are rising, where investors will move their money with higher yields, Credit Suisse vs. Lehman Brothers, how the Fed is breaking things...